HB 25-1105 Colorado House · 2025 Regular Session

Public Employees' Retirement Association True-up of Denver Public Schools Division Employer Contribution

Summary

In accordance with the statutory requirement that the public employees' retirement association (PERA) determine whether the employer contribution rate for the Denver public schools (DPS) division of PERA must be adjusted to assure the equalization of the DPS division's ratio of unfunded actuarial accrued liability over payroll to the PERA school division's ratio of unfunded actuarial accrued liability over payroll at the end of the 30-year period that began on January 1, 2010, beginning on July 1, 2025, the act reduces the total employer contribution rate for the DPS division from 10.4% to 7.4% of salary. In addition, the act: Reduces the percentage of salary that is allocated to the DPS division health care trust fund from 1.02% of member salaries to .20% of member salaries, which will allow PERA to apply the remaining .82% of the allocation to pension liabilities; For 5 years beginning July 1, 2025, excludes the DPS division from the annual allocation of the money that is directly distributed to PERA by the general assembly; and For 5 years beginning July 1, 2025, removes the DPS division from the calculation that PERA annually uses to determine whether an automatic adjustment to member and employer contribution rates and annual increase amounts will occur.(Note: This summary applies to this bill as enacted.)

Issues: ✓ Labor & Employment

Bill status signed all 5 stages cleared

Introduction

Jan 2025

Committee Review

Apr 2025

House Passage

Apr 2025

Senate Passage

Apr 2025

Signed into Law

May 2025

Introduced Jan 27, 2025 Signed May 23, 2025

Maddy AI version diff · 5 comparisons

What changed between versions

Rerevised (04/28/2025) → Revised (04/25/2025) · 3 edits

MINOR

The bill text was updated from a 'Rerevised' version to a 'Revised' version, indicating the bill has been amended during the second reading in the Senate. The primary change involves updating the Senate sponsorship list to reflect the current legislative status after amendments were adopted.

TECHNICAL

Updated the revision status header from 'REREVISED' to 'REVISED' and adjusted the amendment adoption language to reflect that amendments were adopted on second reading in the Senate.

Removed the '3rd Reading Unamended' date stamp and Senate date from the header section.

Updated the Senate sponsorship list to include Gonzales J. with a comma instead of 'Gonzales J. and Bridges' with multiple names, likely reflecting changes in co-sponsors or formatting adjustments.

Floor votes · Senate Apr 28, 2025 · House Apr 14, 2025

How they voted

30–3

Passed · 1 other

Total votes 34

Apr 28, 2025

D Democratic22

21 Yea 1

95% Yea

R Republican12

9 Yea 3 Nay

75% Yea

Vote distribution

All Yea All Nay Mixed No data

Full legislative history

Actions timeline

Total actions

Key actions

Committee

May 23, 2025

Signed into law

Governor Signed

executive

Apr 28, 2025

Upper · Passed

Senate Third Reading Passed - No Amendments

upper

Apr 25, 2025

Upper · Passed

Senate Committee on Appropriations Refer Unamended to Senate Committee of the Whole

upper

Apr 22, 2025

Committee

Senate Committee on Finance Refer Unamended to Appropriations

upper

Apr 15, 2025

Introduced

Introduced In Senate - Assigned to Finance

upper

Apr 14, 2025

Lower · Passed

House Third Reading Passed with Amendments - Floor

lower

Apr 4, 2025

Lower · Passed

House Committee on Appropriations Refer Unamended to House Committee of the Whole

lower

Mar 17, 2025

Committee

House Committee on Finance Refer Amended to Appropriations

lower

Jan 27, 2025

Introduced

Introduced In House - Assigned to Finance

lower

4 primary · 13 co-sponsors